Internal Auditor
K-Electric Ltd
Total years of experience :13 years, 6 Months
K-Electric is a vertically-integrated public utility company in Pakistan engaged in generation, transmission and distribution of electricity with annual turnover of more than US $ One billion. KE fleet has 2541 MWs of installed capacity.
K-Electric a Project of Abraaj Capital (MENESA) is Pakistan's leading private sector integrated Energy Company. It is engaged in the business of Generation, Transmission and Distribution of electricity in Karachi. I perform Internal Audit activities and work on finance and supply chain assignments of operational and technical nature as per audit plan and as per the annual plan.
I have been involved in carrying out internal audit and risk assessment of various departments and have worked closely with the auditee in understanding their business and to complete the assigned projects effectively and efficiently.
Roles and Responsibilities:
• Prepare audit program and understanding documents during planning stage of audit.
• Understanding of policies and procedures of department or process under audit.
• Check the adequacy and effectiveness of internal controls necessary to prevent and detect fraud or error.
• Examining electronic data, physical records, documents, processes and systems in order to evaluate their quality, efficiency & effectiveness of operations.
• Perform test of controls and substantive procedures during audit.
• Understanding departmental procedures and preparation of documents for walkthrough test.
• Carrying out walkthrough tests.
• Periodical Reviews of Material Management Module of SAP.
• Review store function like material receipt, inspection, handling, issuance and reporting.
• Periodic physical verification of generation, transmission & distribution stores.
• Involve in drafting, reviewing and finalization of audit report.
• Furnish recommendations and suggestions for improvement in process or system.
• Follow-up of action taken on audit reports of systems and processes.
Audit Assignments Support Services (April - 14 to April - 15)
• Fleet Management & Distribution Payables (OSP focused);
• General Ledger Audit;
• Treasury Department Borrowing Section;
• Inventory Audit BQPS-1.
Audit Assignments Generation & Transmission (April - 15 to date)
• Korangi Town Gas Turbine Power Station
• Underground Transmission Maintenance
• Grid Station Maintenance East
• Sub Station Maintenance Region-1
.Special Assignment:
• Furnace oil assignment at Bin Qasim Power Station-1.
• Disposal assignment at Baldia Scrap Yard.
• Assist Chief Accountant in preparation of financial statements and maintenance of books of accounts.
• Ensure timely and accurate recording of all transactions.
• Assist in short and long term financial planning (budgeting).
• Assist in preparing reports and analysis that summarize the company's business activities and financial position based on actual and forecasted operations.
• Maintain Payables and Receivables.
• Perform Reconciliation of Payables and Receivables Ledger.
• Prepare Bank Reconciliation.
• Prepare Monthly Reconciliation of Ledgers.
Become ACCA Member in 2015
HSC